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Bitcoin Accumulation Zone: Buyers vs Sellers

Long
Bitcoin (BITSTAMP:BTCUSD)  
dragononcrypto Updated   
BITSTAMP:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Technical Indicators hashribbons hashrate vpvr accumulation maribbon buyersvssellers
5
3
trendanalysis chartpattern indicator hashribbons hashrate vpvr accumulation maribbon buyersvssellers
  • Hash Ribbons tells us to remain patient for the buy signal as capitulation continues
  • MA Ribbon suggests further downside, but price is at Weekly MA support
  • Bullish broadening wedge in the making, not yet confirmed
  • Buyers vs sellers accumulation zone in yellow

Based on the January 2020 VPVR model:

BTCUSD: Volume Profile Accumulation Zone $5,910 - $8,630
Trade active:
Time for a bounce?
Trade closed: target reached:
Time for some selling pressure?
Comment:
It's selling time

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BTCUSD: Volume Profile Accumulation Zone $5,910 - $8,630
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